Vice-President Yemi Osinbajo got a rousing welcome and interaction this afternoon at the UN Energy High Level event held at the Imperial College, London, where he spoke on the global Net-Zero Emission target and the need for a just, equitable energy transition especially for Developing Countries.
Earlier the Nigerian VP held a close door meeting with Alok Sharma, British cabinet ranked President-Designate of the forthcoming UN Climate Conference COP26, holding at the tail end of this month through the early days of November in Glasgow, Scotland. Also at the meeting was the United Kingdom’s High Commissioner in Nigeria Catriona Laing.
Osinbajo’s Spokesman, Laolu Akande, said the meeting, which had the UK High Commissioner in attendance, was about Nigeria and Africa’s Energy Transition Plan which is in the works and the need for the COP26 summit to ensure a just and equitable energy transition.
In his address, the Vice President restated Nigeria’s commitment to the Net-Zero emissions target and explained that alongside the target, Nigeria also has a need to bring energy access to scores of million Nigerians and lift 100m out of poverty.
According to him, this in part explains why countries like Nigeria will need speedy industrialization that would require continued gas funding.
But he expressed concern that western countries and financial institutions where already planning the defunding of gas projects.
